Dubai – At a seminar for young Emirati business leaders organised in association with the Dubai Chamber of Commerce and Industry Investcorp’s Co-CEO Mohammed Al-Shroogi discussed the role of alternative finance in supporting economic growth and trends in the GCC investment landscape.
This is the second seminar Investcorp, a leading provider and manager of alternative investment products, has hosted with Dubai Chamber. It follows a Memorandum of Understanding (MoU) that was signed between the two institutions in 2016.
During the seminar, which was held at Dubai Chamber’s head office, Mohammed Al-Shroogi gave an overview of the current economic environment, with a particular focus on the effects of the drop in oil price and the national transformation plans taking place in Saudi Arabia, the UAE and Kuwait.
In his remarks, Mr. Al-Shroogi said, “At Investcorp, we have a positive outlook on the GCC, and we believe that its market dynamics and fundamentals will attract greater volumes of private capital, supporting the long-term sustainable growth of the region.”
He added, “The ongoing diversification and privatisation efforts by GCC governments have been key drivers of the positive investment sentiment in the region. The UAE, specifically, has led the way in developing a more diversified, knowledge-based economy. Investcorp is pleased to play its part – beyond its traditional role as an investor - by hosting these knowledge-sharing seminars alongside Dubai Chamber.”
Commenting on the event, Mr. Essa Al Zaabi, Senior Vice-President, Institutional Support Sector, Dubai Chamber, and General Coordinator of Tejar Dubai, said: “These seminars complement Dubai Chamber’s efforts to support entrepreneurs in the emirate, and provide an important platform to share knowledge and expertise that can greatly benefit young business leaders. Nurturing Dubai’s entrepreneurial eco-system is a key focus of the Chamber’s 2017-2021 strategy, as this sector remains one of the main drivers of competitiveness within the local business community.”
Mr. Al Zaabi added that the Chamber looks forward to collaborating with Investcorp in the future to further develop the skills sets of talented entrepreneurs in the emirate.
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About Investcorp
Investcorp is a leading global provider and manager of alternative investments, offering such investments to its high-net-worth private and institutional clients on a global basis. Led by a new vision, Investcorp has embarked on an ambitious growth strategy to double assets under management (“AUM”) in the medium term. The Firm continues to focus on generating investor and shareholder value through a disciplined investment approach in three lines of business: corporate investment, real estate and alternative investment solutions (formerly known as hedge funds), together with the recently added credit management business.
As at December 31, 2016, the Investcorp Group had $10.4 billion in total AUM, including assets managed by third party managers and assets subject to a non-discretionary advisory mandate where Investcorp receives fees calculated on the basis of AUM, $21.4 billion pro forma for the recently completed addition of the credit management business.
Since its inception in 1982, the Investcorp Group has made over 170 corporate investments in the U.S., Europe and the Middle East and North Africa region, including Turkey, across a range of sectors including retail and consumer products, technology, business services and industrials, and more than 400 commercial and residential real estate investments in the US, for in excess of $53 billion in transaction value.
The Investcorp Group employs approximately 390 people across its offices in Bahrain, New York, London, Abu Dhabi, Riyadh, Doha, and Singapore. It is publicly traded on the Bahrain Bourse (INVCORP). For further information, including our most recent periodic financial statements, which details our assets under management, please visit: www.investcorp.com.
Media Contacts:
Investcorp
Firas El Amine
+973 3998 7838
felamine@investcorp.com
Brunswick Group
Joudi Issa
+971 4 446 6285
Investcorp@brunswickgroup.com
© Press Release 2017
